The Bonaparte CCS Assessment joint venture between TotalEnergies (26%), INPEX (53%, Operator) and Woodside (21%) has been awarded a Greenhouse Gas Storage Assessment Permit, off the northwest coast of Australia, to carry out evaluation and appraisal work on block G-7-AP, which is considered a promising area for geological storage of CO2. Appraisal work will begin in 2023.
By enabling permanent CO2 sequestration in the region, the project complements existing solutions to avoid and reduce greenhouse gas emissions from Ichthys LNG, a nearby natural gas liquefaction and export terminal that TotalEnergies (26%) is a founding partner. It is also fully consistent with TotalEnergies’ initiatives to promote and develop CCS (carbon capture and storage).
TotalEnergies Asia-Pacific E&P & Renewables Senior Vice President Julien Pouget said the greenhouse gas storage assessment permit is part of its strategy to provide more energy with lower emissions, and achieve net zero by 2050.
“TotalEnergies aims to develop more than 10 Mt/year of carbon storage capacity by 2030, including storage for its facilities as well as storage services for its customers.
“As a partner in both the Ichthys LNG and Bonaparte CCS Assessment joint ventures, TotalEnergies is well positioned to contribute to low carbon LNG production in Australia.”
TotalEnergies is on track to achieve its ambition of developing storage capacity of 10 million metric tonnes of CO2 per year by 2030 through significant industrial projects such as Northern Lights in Norway and Aramis in the Netherlands. Through all its CCS projects, the company will reduce its own emissions and those of its customers.